Bitcoin Going to zero since 2009

[rbynxx]

Since when bitcoin was created their are some set of people who believe the price of Bitcoin will get to zero, and since then when the price of Bitcoin goes dip especially in the bear market this same people who still come out to say bitcoin price will fall to zero.

How long will people keep deceiving orhers about the price of Bitcoin. I feel pity for those who are being misled thinking the price of Bitcoin will fall to zero.

TBH, this is something I've seen to play out almost since I first got into crypto, same people, same "Bitcoin going to zero", "Bitcoin will die" narrative. These guys like Peter Schiff been saying this for like I've been here for straight and he has been wrong every single time, yet they still got some audience to spread this kind of fear. The real victims are the people who actually believe in it and then panic sell at the very bottom. Sad but truth.

Bitcoin has "died" hundreds or even thousand of times and yet it keeps proving everyone wrong and I guess this time around too. It's not going to zero, it will probably make more zeroes instead. The entire holders will basically need to dump it down all at once which clearly won't happen. It will even grow from here or probably seen the bottom played out already.

[suzanne5223]

I will say they are deceiving themselves because ever since institutional and macro holders come in the Bitcoin market, which also led to the creation of the BTC ETF. I believe a lot of people's confidence in investing in BTC for the long term is boosted, not to mention the positive impact the US president's stance towards BTC has created.

Anyone who still has the impression that Bitcoin is going to zero is a technically naive type because it doesn't make any sense for BTC to go to zero now after institutional adoption.

As of now, Bitcoin is 16 years old and if I remember correctly, governments and organizations have only recently recognized and invested in it in the past few years.

Recently?
The governments and organizations have recognized Bitcoin long ago, but they first saw it as something will serve as an obstacle to their reign due to it decentralization, which is why they once make neegative statement about it, create different set of FUD. When they see that BTC is not going to zero, they notice they are in the phase of if we cant beat them, we join them that's why they later adopt BTC.

This means that even in periods without institutional capital support or recognition, Bitcoin can still survive and thrive.

No, Bitcoin survives and thrives. Not, it can still survive and thrive.

To this day, those who still hold this view are not ignorant, but are deceiving themselves and being stubborn. Their egos are too big, they do not want to admit they were wrong to overlook something that could have completely changed their lives.

Maybe, but they may also use the strategy BlackRock and others used to cause FUD while they silently accumulate BTC at a low price before making public acknowledgement.

[MarjorieZimmermanGinger]

Recently?
The governments and organizations have recognized Bitcoin long ago, but they first saw it as something will serve as an obstacle to their reign due to it decentralization, which is why they once make neegative statement about it, create different set of FUD. When they see that BTC is not going to zero, they notice they are in the phase of if we cant beat them, we join them that's why they later adopt BTC.

One reason why Bitcoin won't go back to zero is because governments are starting to accept this asset, so trust will continue to build. This is because governments can create policies that can collectively hinder Bitcoin's growth through regulation. In fact, it didn't work out as they intended. Previously, many governments didn't accept Bitcoin, but Bitcoin's development continued to gain trust so rapidly that the asset continued to grow. There's no rational reason why Bitcoin would go back to zero because this asset continues to grow and adoption is also widespread. I personally believe that Bitcoin will continue to grow, although its volatility may decrease slightly over time. We may already be seeing this asset grow in unexpected and rapid ways without direct encouragement from the government itself.

[Out of mind]

Since when bitcoin was created their are some set of people who believe the price of Bitcoin will get to zero, and since then when the price of Bitcoin goes dip especially in the bear market this same people who still come out to say bitcoin price will fall to zero.

How long will people keep deceiving orhers about the price of Bitcoin. I feel pity for those who are being misled thinking the price of Bitcoin will fall to zero.

We have already seen that the value of Bitcoin was not zero at all in 2009. However, the continuous increase in the value of Bitcoin has made it a valuable virtual currency worldwide, whose popularity has increased at a huge rate. We can already see that the value of Bitcoin is very high, but when the market goes into recession, there are some stupid people who think so. But those who are really intelligent and knowledgeable never make such predictions about the value of Bitcoin, but they confidently discuss the future of Bitcoin. The way Bitcoin is currently moving forward and the way its popularity is increasing worldwide and the demand for Bitcoin is increasing at a huge rate, the value of Bitcoin will never fall to zero. Basically, those who make such comments are stupid people. There is no need to be confused by their words, but it is wiser to invest in Bitcoin yourself and hold it for a long time.

[Pandu Geddon]

How long will people keep deceiving orhers about the price of Bitcoin. I feel pity for those who are being misled thinking the price of Bitcoin will fall to zero.

If everyone did not believe those words, then no one would be led astray. Those who are misled by those words still lack knowledge, and that continues for a long time. It is truly ironic to see old-fashioned thinking that does not recognize the fact that Bitcoin has value today.
So I might not bother trying to persuade people, whether they believe it or not.

[JiiBs]

How long will people keep deceiving orhers about the price of Bitcoin. I feel pity for those who are being misled thinking the price of Bitcoin will fall to zero.

These are ideas that is defeating to the idiomatic expression of having to beat a dead horse. Many people actually wish this, for a Bitcoin to dump into zero so they could buy easily and wait for it to pump. They don’t seem to realize that, those early adopters that had made this wise decisions to invest when Bitcoin was worth very little and those that invested when Bitcoin had added value wouldn’t want to see it at that price as, it would mean devaluation for them and a loss in some sense.

That’s why, Bitcoin dumping to zero isn’t a goal that would be realized in the history of the market.

[suzanne5223]

Recently?
The governments and organizations have recognized Bitcoin long ago, but they first saw it as something will serve as an obstacle to their reign due to it decentralization, which is why they once make neegative statement about it, create different set of FUD. When they see that BTC is not going to zero, they notice they are in the phase of if we cant beat them, we join them that's why they later adopt BTC.

One reason why Bitcoin won't go back to zero is because governments are starting to accept this asset, so trust will continue to build. This is because governments can create policies that can collectively hinder Bitcoin's growth through regulation. In fact, it didn't work out as they intended. Previously, many governments didn't accept Bitcoin, but Bitcoin's development continued to gain trust so rapidly that the asset continued to grow. There's no rational reason why Bitcoin would go back to zero because this asset continues to grow and adoption is also widespread. I personally believe that Bitcoin will continue to grow, although its volatility may decrease slightly over time. We may already be seeing this asset grow in unexpected and rapid ways without direct encouragement from the government itself.

You could add the government acknowledgement to the reason why Bitcoin won't go back to zero but it's not one of the major reason because Bitcoin was doing fine before their adoption when they see theres nothing they can do to stop the thriving of Bitcoin.
I don't see the volatility of Bitcoin decreasing due to the government and institutions act of having the power to control things (this is why I never like the idea of Bitcoiner going for BTC ETF) which I believe they will want to practice using Bitcoin in the future since they are late to join the party.

[fullfitlarry]

How long will people keep deceiving orhers about the price of Bitcoin. I feel pity for those who are being misled thinking the price of Bitcoin will fall to zero.

These are ideas that is defeating to the idiomatic expression of having to beat a dead horse. Many people actually wish this, for a Bitcoin to dump into zero so they could buy easily and wait for it to pump. They don’t seem to realize that, those early adopters that had made this wise decisions to invest when Bitcoin was worth very little and those that invested when Bitcoin had added value wouldn’t want to see it at that price as, it would mean devaluation for them and a loss in some sense.

That’s why, Bitcoin dumping to zero isn’t a goal that would be realized in the history of the market.

For me those who are saying that Bitcoin will go to zero don't know what Bitcoin is, despite it being in the market for many years now, there are still those people who are going to be anti-Bitcoin and their cry is that it's going to zero and so everyone should not invest.

However, the opposite has happened, at least if you look at the last 2 bull runs, $69k and then $125k, that is already a huge price that we got, all time high as we call it. So it won't go down to literally zero and I don't see any events that will pull the price to the brink.

[JeffBrad12]

Since when bitcoin was created their are some set of people who believe the price of Bitcoin will get to zero, and since then when the price of Bitcoin goes dip especially in the bear market this same people who still come out to say bitcoin price will fall to zero.

How long will people keep deceiving orhers about the price of Bitcoin. I feel pity for those who are being misled thinking the price of Bitcoin will fall to zero.

It's their coping mechanism to compensate for the fact that they see bitcoin at cheap price and didn't buy it. Spouting the same fud over and over knowing the fact that this year's bearish bottom is previous cycle's top will make people seethe and go crazy especially the bitcoin haters.

[Bitcoin_people]

Since when bitcoin was created their are some set of people who believe the price of Bitcoin will get to zero, and since then when the price of Bitcoin goes dip especially in the bear market this same people who still come out to say bitcoin price will fall to zero.

How long will people keep deceiving orhers about the price of Bitcoin. I feel pity for those who are being misled thinking the price of Bitcoin will fall to zero.

We believe that Bitcoin will not go to zero, there were some people who made such comments in the past and they still regret it. However, when the market is falling, when it is seen that the market is heading towards a recession, some people who cannot manage risk make such comments. Basically, when the market comes down, they lose their control, which is why they think that Bitcoin may go back to its previous position and go to zero. But we invest in Bitcoin with strong faith and we have to plan to hold it for a long time by following risk management and hold Bitcoin with confidence. We have seen in the past that Bitcoin has drawn down 70–85% many times, yet it has not gone to zero, but it has come back stronger and has become more valuable. Accordingly, we have to move forward with better regrets and have faith in Bitcoin and increase patience.

[DanWalker]

For me those who are saying that Bitcoin will go to zero don't know what Bitcoin is, despite it being in the market for many years now, there are still those people who are going to be anti-Bitcoin and their cry is that it's going to zero and so everyone should not invest.

Do you think people like Warren or Peter Schiff do not understand Bitcoin? I even believe they understand it very well, because otherwise they would not be able to make such consistent arguments to refute bitcoin. I think that so far, they have resisted bitcoin because they are stubborn and unwilling to admit that they were wrong. 

For those at the peak of success, admitting mistakes is not easy, even when they know they were wrong.

However, the opposite has happened, at least if you look at the last 2 bull runs, $69k and then $125k, that is already a huge price that we got, all time high as we call it. So it won't go down to literally zero and I don't see any events that will pull the price to the brink.

Bitcoin has moved beyond the testing phase and has now become a mainstream asset. Therefore, Bitcoin falling to 0 will certainly never happen, but there will always be people who relentlessly spread that fear and the story of its collapse. They will continue to do so not because they do not understand Bitcoin, but because of envy and jealousy.

[MarjorieZimmermanGinger]

You could add the government acknowledgement to the reason why Bitcoin won't go back to zero but it's not one of the major reason because Bitcoin was doing fine before their adoption when they see theres nothing they can do to stop the thriving of Bitcoin.
I don't see the volatility of Bitcoin decreasing due to the government and institutions act of having the power to control things (this is why I never like the idea of Bitcoiner going for BTC ETF) which I believe they will want to practice using Bitcoin in the future since they are late to join the party.

Of course that's not a necessary policy requirement for Bitcoin to not return to zero, but in many cases, we can see that when governments start to intervene, it's difficult for a product to reach zero. I'm also not saying Bitcoin lost volatility because of government involvement, but I do see Bitcoin's growth from its inception until now, with a slight decrease in volatility. This is my view based on my personal analysis, not based on the methods or analysis of others. Bitcoin's growth to date is independent of the government, but restrictive regulatory policies can have an impact on adopters, especially in countries that completely ban Bitcoin.

[Marvelockg]

How long will people keep deceiving orhers about the price of Bitcoin. I feel pity for those who are being misled thinking the price of Bitcoin will fall to zero.

Whoever can not stand to make decision on his own without being pushed here and there by the statement of the general public that are likely not enthusiastic about bitcoin in the first place deserve whatever outcome he gets from his reaction to what the public views bitcoin as. Anyone that sees bitcoin going to zero is one that believes that in few years time that crypto will cease to exist and for such person, it is even rather strange that they are not of the opinion that crypto will cease to exist while they believe that bitcoin will go down to zero before then. bitcoin is the Godfather of anything crypto and cant go to zero while other crypto remains relevant. never.